Greece's plan to repay debt

In what many are hailing as a breakthrough solution to Greece’s crippling debt crisis, Greece today offered to repay a bailout from the European Union nations by giving them a gigantic horse.

Finance ministers from sixteen EU nations awoke in Brussels this morning to find that a huge wooden horse had been wheeled into the city center overnight.

The horse, measuring several stories in height, drew mixed responses from the finance ministers, many of whom said they would have preferred a cash repayment of the EU’s bailout.

But German Chancellor Angela Merkel said she “welcomed the beautiful wooden horse,” adding, “What harm could it possibly do?”

-- via berknovice4now

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balance sheets

Balance sheets are a crucial source of information for stock investors. Balance sheets help in determining the financial health of a company and their analysis should be a large component of one’s stock screening and selection methodology, even for the novice investor. The balance sheet, which is the cornerstone of a company’s financial statement, reveals information about the company’s assets, liabilities and its net worth or equity. These three segments tell the investor what the company owes and owns as well as the amount that the shareholders have invested at any given point of time. For these reasons, it is necessary for a value investor to learn the basics of balance sheet analysis and to invest only in companies that have strong balance sheets.